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Production Possibilities and Comparative AdvantageThe countries of Lilliput and Glubbdubdrib can ...

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Production Possibilities and Comparative AdvantageThe countries of Lilliput and Glubbdubdrib can ...

Production Possibilities and Comparative Advantage

The countries of Lilliput and Glubbdubdrib can produce doll house furniture and magic wands.

Lilliput	Glubbdubdrib
Doll house furniture	Magic wands	Doll house furniture	Magic wands
100	0	8	0

75	10	6	6
50	20	4	12
25	30	2	18
0	40	0	24

In Lilliput, it costs ________ pieces of doll house furniture to make 1 magic wand and ________ magic wands to make 1 piece of doll house furniture. In Glubbdubdrib, it costs ________ pieces of doll house furniture to make 1 magic wand and ________ magic wands to make 1 piece of doll house furniture. Please round your answer to two decimal places.

▸ 0.40, 0.40, 3.00, 0.33

▸ 2.50, 0.40, 0.33, 3.00

▸ 3.00, 3.00, 2.50, 0.40

▸ 3.00, 0.33, 0.40, 2.50

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 26 times

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solid1

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javielito2000 Author

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Correct

Ivansitospeed@g

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

acaruso

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Smart ... Thanks!

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